Alberta’s Hot, and Not Just in Terms of the Weather
We all know Alberta’s economy is leading the country growth-wise, but you might be surprised to find out our growth rate is nearly double the national average, and is a fair sight ahead of what was accomplished last year. No wonder, then, that the period from April 2013-2014 reportedly saw Calgary’s population increase more than ever before in the city’s history. Nearly 39,000 people became Calgarians, either through immigration or by being born, which is about 25 percent more than in 2012-2013. Alberta is the Land of Opportunity, with more than four million residents and counting.
That opportunity is certainly being seized by home builders: there were more new homes started between January and April of this year than in all of 2013.
Despite higher land costs and increased home prices, it’s still a seller’s market because demand is outdoing the supply. That may level off slightly in the coming year or so, but there’s not really any reason to think a major economic cool down is on the horizon; people will continue to flock to the home of the Greatest Outdoor Show on Earth.
Tags: alberta economy, alberta growth rate, calgary alberta real estate, calgary population growth, calgary real estate, Greatest Outdoor show on earth, hot alberta market, land of opportunity
